Molycorp (MCP) & First Solar, Inc.(FSLR) - Weekly Stocks Pick July 16-20, 2012

During last week of trading, there were many stocks that continued to break out to the upside. Watch Resistance & support levels Below are a list of stocks that I am watching June 16-20,  2012.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here

Molycorp Inc. (MCP)-  Molycorp (MCP) was down last week.New support located at $19.11 and resistance area is $23.Share of  Molcorp (MCP) trade under $30 November which is good for 1/2 long my position for 2012, I am long for 2nd  half go long for low $23s. I am long some $19. I believe that stock could see $50 stock next 12 months. But I am still trading for short term weekly trade because I  want to make some weekly gain in my account.This is my one of the Top Pick for 2012.

7/16-7/20 Weekly MCP resistance, pivot & support

Resistance R3 23.16, R2 22.21, R1 20.95
Pivot Point 20.00
Support  S1 18.74, S2 17.79, S3 16.53

Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart

First Solar, Inc.(FSLR)-Share of First Solar, Inc.(FSLR) is trading $13.86-$15.18 last week.Share of First Solar, Inc. (FSLR) is one of the worst stock of year 2011.I am long some under $14 last week and I am looking for long side under $13 may be next week long term buy any market correction. I am just 10% long near $40 level and looking any pullback. This stock could be $60-$70 stock  next 12 months. Stock was one of the hot stock was $2010-$2111. First Solar, Inc. (FSLR) is a strong buy below $20 per share for long term buy list  for 2012.This is my one of the Top Pick for 2012. 

7/16-7/20 Weekly FSLR resistance, pivot & support

Resistance R3 18.63, R2 17.03, R1 15.49
Pivot Point 13.89
Support  S1 12.95, S2 10.75, S3 9.21

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart


Weekly Stocks Pick Rule: When ever I buy or short stocks if that stocks go up short term quick 5-10% gain, I took profit and buy back in low price again. When ever I buy stock always have stop price. Always protect my original capital.

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